DOLLAR LOAN TO AUSTRALIA
POSITION BEING INVESTIGATED “ RUINOUS RATE OF INTEREST” (Rec. 7.30 p.m.) CANBERRA. Oct. 14. In a press interview to-dav the Prime Minister (Mr Chifley) said that the Australian Government was sounding out the position regarding a dollar loan, but that to float a loan at present on the New York market would be to accept an absolutely ruinous rate of interest. He did not think that the British Chancellor of the Exchequer (Sir Stafford Cripps) would approve of such a loan.
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Press, Volume LXXXV, Issue 25935, 15 October 1949, Page 7
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84DOLLAR LOAN TO AUSTRALIA Press, Volume LXXXV, Issue 25935, 15 October 1949, Page 7
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